PMGC Capital LLC, a Subsidiary of PMGC Holdings Inc. (Nasdaq: ELAB), To File Schedule 13D Reporting 5.09% Stake in Alaunos Therapeutics, Inc. (Nasdaq: TCRT)
Rhea-AI Summary
PMGC Capital LLC, a subsidiary of PMGC Holdings Inc. (ELAB), announced plans to file a Schedule 13D disclosing a 5.09% ownership stake in Alaunos Therapeutics (TCRT). The stake represents 83,500 shares of the clinical-stage oncology-focused cell therapy company, based on Alaunos' 1,639,521 outstanding shares as of May 5, 2025.
PMGC Capital believes Alaunos is undervalued and sees significant potential for shareholder value creation. Alaunos is currently exploring strategic alternatives, including mergers, acquisitions, asset sales, and strategic partnerships. PMGC Capital plans to engage with Alaunos' management to explore strategic opportunities, particularly in fintech and cryptocurrency sectors.
Positive
- Acquisition of significant 5.09% stake shows confidence in Alaunos' potential
- Alaunos maintains a clean capital structure with prudent financial management
- Multiple strategic alternatives being explored including mergers, acquisitions, and partnerships
- Active engagement from PMGC Capital could accelerate value creation initiatives
Negative
- Potential shift from oncology focus to unrelated sectors (fintech/crypto) could be risky
- Company exploring strategic alternatives suggests possible challenges with current business model
- Relatively small float with only 1.64M shares outstanding may limit liquidity
News Market Reaction 1 Alert
On the day this news was published, ELAB gained 2.05%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
NEWPORT BEACH, Calif., May 14, 2025 (GLOBE NEWSWIRE) -- PMGC Capital LLC (“PMGC Capital,” “we,” “our,” or “us”), a wholly owned subsidiary of PMGC Holdings Inc. (Nasdaq: ELAB), today announced its planned filing of a Schedule 13D with the U.S. Securities and Exchange Commission disclosing beneficial ownership of common stock in Alaunos Therapeutics, Inc. (Nasdaq: TCRT).
PMGC Capital has acquired 83,500 shares of Alaunos Therapeutics, representing approximately
Alaunos Therapeutics, Inc. (“Alaunos Therapeutics” or “Alaunos”), headquartered in Houston, Texas, is a clinical-stage oncology-focused cell therapy company. Alaunos is currently exploring strategic alternatives, including but not limited to acquisitions, mergers, reverse mergers, sale of assets, strategic partnerships, capital raises, or other transactions.
PMGC Capital believes Alaunos is undervalued and has significant potential to create shareholder value. PMGC Capital intends to engage constructively with Alaunos’ management and board of directors to explore strategic opportunities, including potential mergers, acquisitions or partnerships in sectors such as financial technology and cryptocurrency.
We commend Alaunos Therapeutics for maintaining a clean capital structure and exercising prudent financial stewardship during challenging market conditions. PMGC Capital looks forward to collaborating with the Alaunos' leadership to pursue initiatives that align with its shared objective of enhancing long-term shareholder value.
About PMGC Capital LLC
A multi-strategy investment firm focused on direct investments, strategic lending, and acquiring undervalued companies and assets across diverse markets. Our mission is to identify and seize high-potential opportunities, delivering sustainable growth and maximizing returns on capital.
About PMGC Holdings Inc.
PMGC Holdings Inc. (“PMGC Holdings”) is a diversified holding company that manages and grows its portfolio through strategic acquisitions, investments, and development across various industries. Currently, our portfolio consists of three wholly owned subsidiaries: Northstrive Biosciences Inc., PMGC Research Inc., and PMGC Capital LLC. We are committed to exploring opportunities in multiple sectors to maximize growth and value. For more information, please visit https://www.pmgcholdings.com.
Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding potential strategic opportunities and the expected benefits thereof. These statements are based on current expectations and involve risks and uncertainties that may cause actual results to differ materially. Therefore, you should not rely on any of these forward-looking statements. These and other risks are described more fully in the Company’s filings with the United States Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of PMGC Holdings’ Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 28, 2025, and its other documents subsequently filed with or furnished to the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at www.sec.gov. All forward-looking statements contained in this press release speak only as of the date on which they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.
IR Contact:
IR@pmgcholdings.com
FAQ
What percentage stake did PMGC Capital acquire in Alaunos Therapeutics (TCRT)?
What strategic alternatives is Alaunos Therapeutics (TCRT) currently exploring?
What sectors does PMGC Capital want to explore for Alaunos Therapeutics' future opportunities?
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What is PMGC Capital's parent company and stock symbol?
